Best Credit Card for 650 Credit Score

Do you lack creditworthiness for a car loan because your score is only ‘fair’? Or do you want to control your interest payment while capitalizing each dollar you spend? The solution might be easier than you anticipate.

Although you may not be eligible for a car loan yet, there are options available to get you on the right track. Read on to find the best credit card for a 650 credit score according to your needs.

1. Capital One Platinum Credit Card: Best for Score Transition

Do you need an iron fist to curb your extra expenses? This is the solution. Tailor-made for those who must avoid incentives, this credit card has no cashback. Although you do not have to pay an annual fee, the variable APR is quite high (30.49%). It compels you to pay the total monthly amount.

Capital One Platinum does not offer a welcome bonus. Instead, it allows you to apply for a higher credit hierarchy within 6 months. You are also entitled to a swift replacement in case your credit card gets stolen.

Quick Tip: Remember that this is just a temporary station in your credit score journey. You will have to choose another card once your credit history stabilizes.

Things to Love

1. Great remedy to increase credit score.
2. No hassle about rotating bonus categories.
3. Advance cash provided with emergency card replacement.
4. No transaction fee.

Things to Note

1. It does not offer a rewards program.
2. You can not carry a monthly balance.

2. Open Sky Secured Visa Credit Card: Best for Damage Control

This option is for you if you have a mutilated credit score to manage. The beauty of this secured card is that your opening deposit becomes your credit limit. OpenSky Secured Visa is formulated to keep you alert towards regular payments and keep your balance in check.

It does not offer a reward system and has an annual fee (35$). However, it has its gains. The company is responsible for investigating cases of identity theft. Additionally, you can keep tabs on your FICO score free of cost at all times.

Quick Tip: Try to keep your security deposit around the median of 200$ and 3,000$. You will neither miss out on essential shopping nor be tempted to step out of the budget.

Things to Love

1. Great for expanding creditworthiness.
2. Coverage against duplicitous charges.
3. Eligibility for approval to better rates within 6 months.
4. You are not restricted to use this credit card for your purchases.

Things to Note

1. High variable APR.
2. An upfront cash deposit is required.

3. Capital One QuicksilverOne Cash Rewards Credit Card: Best for Cash Flow + Scoring-up

Are you raring to go higher than 650 score credit while earning some more? Go for this one. This credit card gives a flat 1.5% cashback on every single purchase you make… and the cashback amount never expires! You can earn money and assist in a cumulative increase in credit scores on the side.

There is a fixed annual fee (39$) you have to pay, though. You must spend a designated amount to have your credit balanced at the end of your first year. Quick SilverOne additionally offers a whopping 5% cashback on all your travel and rental expenditures!

Quick Tip: It would be best if you redeem your cashback and let it accumulate in your account. You can use it to reduce your credit balance.

Things to Love

1. Welcome bonus.
2. You can choose the date for your monthly cashback redemption.
3. Free monitoring of your credit profile.
4. You will receive a price difference if you find an item cheaper than Quick SilverOne.

Things to Note

1. You have to spend a certain amount to earn a balanced yearly fee.
2. No bonus categories.

4. Chase Freedom Flex Credit Card: Best for the Best Rewards

You can get a 5% cashback for buying gas, groceries, and food… each. Do you want to know how you can earn more money through this card? Apart from the welcome bonus, you get 1% cashback for all purchases. With the national credit card debt crossing 900 billion U.S. dollars, it is nice to know that you are handling it swimmingly.

Although Chase Freedom Flex has a low variable APR (max. 29.99%), it does charge you per transaction. Also, you can not predict the upcoming quarterly categories so you have to plan your expenses carefully.

Quick Tip: Keep a close eye on how you spend on the bonus categories. Make a plan to spread your spending throughout the quarter so that you do not reach the cap too soon.

Things To Love

1. Cashback redemption in cash, gift cards, or travel coverage.
2. Insurance for damages during travel
3. No annual fee.
4. Extended warranty on purchases.

Things to Note

1. Activation is required for rotating bonus categories.
2. There is a limit cap on bonus categories.

5. Discover It Student Cash Back: Best for Flexible Build-up

If you love eating out and want to push your credit score from fair to average, this is your perfect match. It enables you to retrace towards better rates and loan opportunities while reaping benefits. Along with a 5% cashback on bonus categories, it offers a total cashback match (10%) at the end of your first year.

Nonetheless, you will have to be responsible for your spending behavior. You can save at the gas stations and the restaurants but you can not earn maximum cashback on all purchases.

Quick Tip: Remember to check your credit score regularly. It is easier to slip into bad spending behavior without a limit cap than you might assume.

Things to Love

1. No cashback limit cap on bonus categories.
2. Low APR rates.
3. Preapproval is available before hard credit checks.
4. Great for opening credit score.

Things to Note

1. You can not maximize cashback towards a particular category.
2. Not suitable during international travels.

To Conclude

In an era where the number of circulating credit cards is towering the number of the population, finding The One is tough.

However, we have the elucidation. Capital One Quick SilverOne Cash Rewards Credit Card is the best choice for consumers with a 650 credit score. It has generous perks and ensures long-term responsible payment behavior.

Which credit card do you think is suitable for you? Leave your answer in the comments below!